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Feb 19, 2013 7:00pm PST
agenda. he's heading to washington to meet with u.s. president barack obama. white house officials say they'll discuss economic issues, the u.s.-japan security alliance, and their approach to north korea. north korean officials launched a rocket in december. they said they put a satellite into space. but western leaders say they were testing technology for a ballistic missile. some security analysts say such a missile could reach the u.s. west coast and could carry a nuclear payload. north korean scientists carried out another underground nuclear test last week. and authorities in pyongyang have hinted they may conduct another rocket launch before the end of this year. abe and obama will meet on friday at the white house. japanese government officials say the leaders will discuss the deployment of a second x band radar. u.s. army personnel already operate those systems at an air self-defense force base in northern japan. one government official says the additional system will make it possible to track missiles aimed at japan or the u.s. >>> a north korean diplomat made another kind of
Feb 19, 2013 10:00am PST
information including cost support options, call 1-888-xarelto or visit >>> president obama turns up the heat on republicans. >> republicans in congress face a simple choice. are they willing to compromise to protect vital investments in education, in health care, and national security and all the jobs that depend on it, or would they rather put hundreds of thousands of jobs and our entire economy at risk just to protect a few special interest tax loophole that is benefit only the wealthiest americans and biggest corporations? that's the choice. >> is there another way with only days to go before the automatic spending cuts kick in? re-enter the bipartisan budget cutters, the duo of simpson and bowles. >> there's no sfri in the country that makes cuts across the board. you try to cut those things that have the least adverse effect on productivity. second, we are cutting those areas where we actually need to invest education, infrastructure, research, and, third, they don't make any cuts in those things that are going faster than the economy. that's stupid, stupid, stupid. >>
Feb 19, 2013 1:00pm EST
live in washington where president obama is surrounded by uniform police and is now issuing dire warnings about the consequences if automatic budget cuts, the sequester, will create job losses and a setback to the recovery if that goes into effect next week. in response senate republican leader mitch mcconnell still prefers campaign events to -- joining me now for our daily fix, chris calizza and managing editor of post well, chris, we saw the performance at the white house. this was a set piece, if you will. the instant response from mitch mcconnell. the bottom line is neither side is negotiating. the white house now assumes the sequester is going to go into effect. is this going to be worked out by continuing resolutions by the end of march? a little bit of short-term pain, long-term gain? >> yep. you know, andrea, i think performance on both sides is the right word. look, i think the policy debate over whether a deal with get done between now and march 1st to avert the sequester is over. congress is away for the president's day week. when they come back, there's
Feb 21, 2013 6:00am PST
is flying to washington for his first talks with u.s. president barack obama since he took office in december. their agenda is packed and their discussions are expected to touch on everything from a wide-ranging free trade deal to punishing north korea. >> translator: i want the summit talks to show the international community that japan and the united states have restored the strong bond of their alliance. >> abe says that alliance became unstable during the former democratic party-led administration. he says he's going to talk to obama about the u.s.-led negotiations for the transpacific partnership. nations that joined the discussions for the free trade agreement are supposed to in principle eliminate all tariffs, but abe doesn't want to abide by the precondition. abe and obama are expected to share ideas on what to do about north korea. scientists in the country last week carried out their third nuclear test. the leaders are expected to agree to push for a u.n. security council resolution imposing new sanctions on pyongyang. >>> government officials say the prime minister will
Feb 20, 2013 7:30am EST
in the obama administration have their own concerns. analysts at virginia based firm released a report identifying the people's liberation army. they say members of one unit have attacked more than 140 organizations over the past seven years. they believe the hackers are based in shanghai. state department spokesperson said such attacks are threatening u.s. economic and national security interests. >> we've raised our concern at the highest level about cyber threats from china including the involvement of the military. >> china's defense ministry has dismissed the u.s. allegations as groundless. the state-run news agency quote ad defense ministry spokesperson as saying the military has never been involved in online espionage. he said china is a victim of cyber attacks because the ip addresses are often stolen and misused. many attacks come from the united states but china has never blamed the u.s. >>> people who work for u.s. computer giant apple say hackers hit them too. the attack resembles one of employees of facebook. spokespersons for apple said some employees visited a site for s
Feb 21, 2013 7:30am EST
barack obama since he took office in december. their agenda is packed and their discussions are expected to touch on everything from a wide-ranging free trade deal to punishing north korea. >> translator: i want the summit talks to show the international community that japan and the united states have restored the strong bond of their alliance. >> abe says that alliance became unstable during the former democratic party-led administration. he says he's going to talk to obama about the u.s.-led negotiations for the transpacific partnership. nations that joined the discussions for the free trade agreement are supposed to in principle eliminate all tariffs, but abe doesn't want to abide by the precondition. abe and obama are expected to share ideas on what to do about north korea. scientists in the country last week carried out their third nuclear test. they are agreed to push for a nuclear resolution imposing new sanctions on pyongyang. >>> government officials say the prime minister will tell the president that he will implement a bilateral security agreement dating back to 2006. that dea
Feb 19, 2013 1:00pm PST
. president obama is warning of dire consequences for all of us in lawmakers don't act quickly. we're talking about those forced budget cuts that take effect march 1st, slashing $85 billion from spending across the board this year. but with just ten days left, the consequences are backing more alarming. president obama outlined some of them today, told congress, let's make a deal while there is still some time. >> my door is open. i've put tough cuts and reforms on the table. i am willing to work with anybody to get this job done. none of us will get 100% of what we want. but nobody should want these cuts to go through because the last thing our families can afford right now is pain imposed unnecessarily by partisan recklessness and ideological rigid tea here in washington. visually, the president tried to make that point by having law enforcement officers standing behind him. many of them could lose their jobs. our joe johns is covering that with the different ways that the budget cuts could directly affect you. we also have renee marsh covering the potential cut and how it kol affect the fo
Feb 19, 2013 9:00pm PST
. in washington top president obama is putting pressure on congressional republican to come up with a budget deal before automatic spending cuts kick in. >> i'm in sacramento. driving while under the influence of drugs becoming as much of a problem as drunk driving in california. new effort to [ wind howling ] [ female announcer ] it balances you... [ water crashing ] fills you with energy... and it gives you what you are looking for to live a more natural life. in a convenient two bar pack. this is nature valley... delicious granola bars made with the best ingredients in nate. nature valley. nature at its most delicious. you. >> unusual day here in the bay area. snowplow put to work along sky line boulevard in the santa cruz mountains. lots of rain around the bay today contributed to car accidents like this one. pickup truck overturned in santa rosa. one woman suffered minor injuries. hail fell along grizzly peak boulevard in the berkeley hill hills. 11-year-old boy sent thus picture. late day the sun broke through turning the skies in a brill ypt scene. here's the live look now f
Feb 19, 2013 11:00am PST
with automatic budget cuts. joined by first responders, president obama, step one in sequester in game. once again using that bully pulpit and power of persuasion to call on congress to act. saying the jobs of emergency workers, military and even teachers are on the line. >> my door is open. i put tough cuts and reforms on the table. i'm willing to work with anybody to get this job done. none of us will get 100% of what we want. but nobody should want these cuts to go through, because the last thing our families can afford right now is pain imposed unnecessarily by partisan recklessness and ideological rigidity here in washington. >> and the president asked congress to avoid what he referred to ameat cleaver cuts, $85 million cut with a mixture of spending cuts and closing tax loopholes. senate minority leader mitch mcconnell fired back saying "tote's event at the white house proves once again that more than three months after the november election, president obama still prefers campaign events to common sense bipartisan action." protesters and debt simpleton bowles rolled out their new plan
Feb 20, 2013 9:00am PST
bernstein. >>> while president obama continues to warn of the damaging effects of the sequester and republicans lob insults from the sidelines, you'd never know anything was wrong from the market. damn the sequester screams one headline. the dow closed up another 50 points yesterday to settle above 14,000 while the s&p reached a five-year high. there are danger signs ahead. earlier this month, the cbo warned the sequester will have economic growth in 2013 and result in 750,000 lost jobs, but the collective eye roll of the market have been mirrored in the empty hallways of the capitol as lawmakers continue to enjoy a week-long break. complacency is further fuelled by the deadline is malleable. they won't fall apart on sequester day of reckoning said an aide. what actually happens on march first, nothing. nothing happens. while the meet cleaver may not fall on day one, things spiral in the days and weeks ahead. today secretary of defense leon panetta notified congress of the pentagon's plan to furlough 700,000 civilian employees, who, beginning in april, will be required to take o
Feb 19, 2013 2:00pm EST
, president obama still prefers campaign events to common sense bipartisan action." protesters and debt simpleton bowles rolled out their new plans to balance the books. one that will spread the hurt on both sides of the aisle. >> it's become clearer and clearer to us, that if in fact we're actually going to get a bipartisan deal, that we're going to have to push both sides to get out of their comfort zone. >> if anybody can't understand what we're trying to do, and if anybody can't understand the sequester isn't really -- it's just going to do total disruption. >> joining me noun john harwood, cnbc correspondent. last week it was the meteorite, i guess bruce willis needs to roll into town and save us from another countdown. i think everybody at home believes this is ridiculous and we can't fathom how we're here again. >> well, it is ridiculous. but we're here again because we have two parties that are ideologically apart. and don't like each other very much. the president is counting on republicans to blink again as at the did at the end of the year on revenue by agreeing for tax incre
Feb 20, 2013 12:00pm EST
obama likes and we think it's the best way to get his attention on spending." which is maybe why you're seeing so much political posturing in the days leading up to it. >> no question. the thing that, i think, bugs me and from ezra's comments, him as well, the most about this is while all these political maturations are going on, and sure, you can have great positioning and fights about this spending program and that spending program, nobody's talking about the underlying economy. as i said, the unemployment rate is stuck at 8%. that's way too high. you have millions of people in long-term unemployment, so the idea you're actually engaging in fiscal policy that's hurting an already weak economy so you can have these political fights is antithetical to what i believe policy makers' jobs are. >> it's hard to say we're making a stand when this is a republican senator being quoted on a blind. that's not much of a stance. >> off the record. >> i think the optics of this are both sides are trying to claim a high ground here. we've seen what the president is doing with his bully pulpit all
Feb 20, 2013 2:35am EST
two shotguns. obama saying look at my picture. they're trying to walk this line -- >> we're not against the 2nd amendment. it's all theater. >>> here's a look at your wednesday weather. denver will see snow by this afternoon. that storm will move into the plains. showers for oklahoma city, dallas and houston. >>> another frigid day for the upper midwest. minneapolis 10 degrees, boston, new york and baltimore, upper 30s. spring arrives one month from today, march 20. >>> for the first time in 16 years, we'll hear the classic gray poupon "pardon me" ad. it begins just as stuffy as the original, with a chauffeured british aristocrat. >> it goes in a different direction, though. it has an action packed ending, complete with a high-speed chase. >> do you remember those? >> oh, yeah, of course. pardon me, do you have any gray poupon. >> i remember it, too. >>> coming up, as we reflect on our old age, we asked you to ask us anything. so stay tuned for our answers. >> and who's pushing for better preschool programs across this country? what it could mean for your young kids, thir
Feb 28, 2013 6:00am PST
building steps and put it on the table. >> kerry said u.s. president barack obama made clear his determination to implement his policy that iran will not have a nuclear weapon. >>> pope benedict xvi says he will have unconditional reverence and obedience for his successor. he is just hours away from officially retiring as the head of the catholic church after spending nearly eight years in the post. the pope greeted cardinals on his final day. he told them their advice had been important and he said he was happy to have spent time with them. vatican officials say the cardinals will meet in early march to set the date for a conclave to elect a new pope. benedict xvi is resigning because of old age and poor health. no pope has done that since 1415. he is scheduled to fly by helicopter to the papal retreat in a suburb of rome. his resignation goes into effect at 8:00 p.m. local time. >>> weather authorities are urging residents of beijing and surrounding areas to avoid any outdoor activities. people have been struggling with polluted air for months now. cars and factories have spewe
Jan 31, 2013 7:00pm EST
serves on the obama council of entrepreneurship. we are glad you joined us. a conversation with geomagic's ceo, ping fu, coming up. >> there is a saying that dr. king had that said there is always the right time to do the right thing. i just try to live my life every day by doing the right thing. we know that we are only halfway to completely eliminate hunger, and we have a lot of work to do. walmart committed $2 billion to fighting hunger in the u.s. as we work together, we can stamp hunger out. >> and by contributions to your pbs station from viewers like you. thank you. tavis: started a successful company is never easy, but it may have seemed impossible for ping fu, growing up under mao, and she was sent to a labor camp, where she adored unspeakable hardships. she knew just three english words into her vocabulary and came with little money in her pocket. my favorite, "hellboy." she found her way into software, starting her own software company called geomagic, which she continues to lead as its ceo, and her new book about her remarkable journey is called "bend, not break: a life in tw
Feb 19, 2013 6:00am PST
unharmed. >>> his vacation now over, president obama diving right back into the world of washington politics. in the next hour, the president is scheduled to speak about those automatic spending cuts, set to take place next friday unless congress tankes some sor of action. christine romans joins me to break down how we could potentially feel these cuts if something isn't done. good morning. >> good morning, carol. the first question is what is the sequester, this wonky, horrible budget washington word you keep hearing. it's a fancy word for budget cuts, forced budget cuts. you could also think of the sequester as the "or else." last year it was decided we had to get our budget deficit under control, democrats and republicans together, or else, or else we would have these draconian spending cuts start the beginning part of this year. they didn't get their budget act together and this is the or else, the big budget cuts that are automatically going to happen. it's really frustrating, carol, because this was never -- these were never supposed to happen. this was supposed to be somethin
Feb 19, 2013 7:00am EST
government are responding this morning. >>> also coming up, michelle obama opening up for the first time about why she really got those bangs. why she says the move was more than just about a hairstyle. they were about a mid life crisis. >> all right. all of that to get to and more. >>> let's get to the latest on oscar pistorius, becoming very emotional in court this morning. the double-amputee olympic sprinter charged in the murder of his model girlfriend. bazi kanani is in south africa, with the breaking details for us. bazi? >> reporter: good morning, amy. an emotional scene inside the court just a couple of hours ago, when the judge ruled this will proceed as a premeditated murder case, the most serious of charges. oscar pistorius' family started crying because this means it's much less likely he'll be granted bail. and if he's found guilty, it would mean a life sentence. the 26-year-old double-amputee nicknamed the blade runner, represent, head in hand, as the prosecutor said he shot and killed an innocent, unarmed woman. the state outlined its case against pistorius. they believe h
FOX Business
Feb 19, 2013 1:00pm EST
in this as well. some people do not even know how to find it. ashley: president obama pointed the finger at congress again today. urging lawmakers to act. >> congress allows this meet cleaver approach to take twice. it will jeopardize our military readiness, it will eviscerate job readiness and education and medical research. ashley: while the president surrounded by first responders asked congress for a short-term fix. if the sequester were to take waste, hundreds of thousands of emergency personnel would have their jobs in jeopardy. if congress were to take action, it looks like it would be down to the wire. just eight days to go until the cuts hit. the president prodding coming just after deficit talks. lou dobbs coming up in just a few minutes to wait in on that. tracy: i guess this is their fourth in three years. office depot and officemax in talks to merge. could staples be the big winner here? ashley: new details in the multibillion-dollar diamond heist in belgium. this story straight out of the movies. cheryl: it is like oceans 11. let take a look at metals. gold, silver, copper
FOX News
Feb 19, 2013 1:00pm PST
on to them. he was the author. we know from bob woodward the whole idea of sequestration was barack obama's idea. he didn't think the republicans would go along with it. he was expecting them to fold, but there are a lot of responsible fiscal conservatives who understood that they needed to prove that even they could stomach some of these defense cuts because they had to show that they were serious about reigning in government, and yet here we go again with the chicken little in chief surrounding himself with these human she's the, thhuman shieldt responders, wailing and moaning and shreeking. >> by the way, how does this jieb with what you said in the past, mr. president, about your resolve to a deal with the budget deficit. i just want you to listen to this, michelle. >> i refuse to leave our children with a debt that they cannot repay. our prosperity also depends on our ability to pay down the massive debt we've accumulated over the past decade in a way that allows us to meet our responsibilities to each other and to the future. if we don't act, that burden will ultimately fall on our
Feb 19, 2013 7:00am PST
. we'll have the very latest. >>> also coming up, michelle obama opening up for the first time about why she really got those bangs. why she says the move was more than just about a hairstyle. they were about a mid-life crisis. >>> looking forward to all of that coming up. but first, let's get to the latest on oscar pistorius. becoming very emotional in court this morning. his lawyer reading a statement saying he shot his model girlfriend to death by mistake, believing she was a robber. abc's bazi kanani is in pretoria, south africa, for us. >> reporter: good morning, amy. this is the first time we're hearing oscar pistorius's version of what happened. he and steenkamp were in love. she brought him a valentine's gift the day she died. police will present a different story. the 26-year-old double-amputee nicknamed the blade runner, wept, head in hands, as the prosecutor said he shot and killed an innocent, unarmed woman. the state outlined its case against pistorius. they believe he got out of bed, put on his prosthetic legs and walked 21 feet to a locked bathroom door. inside that ba
Feb 23, 2013 3:00pm PST
are draconian, the rules will simply make it be effective. >> to hear president obama tell it the sky will fall when the forced spending cuts kick in. so is the white house hyping the impact or not? we'll talk about that and more when we come back. chances are, you're not made of money, so don't overpay for motorcycle insurance. geico, see how much you could save. [ slap! ] [ slap! slap! slap! slap! ] ow! ow! [ male announcer ] your favorite foods fighting you? fight back fast with tums. calcium-rich tums starts working so fast you'll forget you had heartburn. ♪ tum tum tum tum tums [ male announcer ] engine light on? come to meineke now for a free code scan read and you'll money. my choice. my meineke. >>> president obama clearly wants all of us to be very worried about the budget axe that is about to fall. he warns that a lot of people will lose their jobs if forced spending cuts are allowed to take effect days from now. and says that many more americans will suffer at least in some way. listen to a make mash-up of his latest attempt to light a fire under congress. >> meat cleaver
Feb 20, 2013 3:00am PST
the pictures of president obama playing golf with tiger woods this weekend? neither did we. >> the media covering the president was shut out. the press corps complained. >> folks, there are a lot of holes in the story, specifically 18 of them. but i believe america deserves to know, who drove the cart? who rode shotgun? did the president hit from the ladies' tee? did he replace his divots? or did he send susan rice to cover them up? but folks, oh, yeah, yeah, you're just as upset as i am, i can tell. >> good morning, it's wednesday, february the 20th. with us on set here in new york city, msnbc contributor mike barnic barnicle, economic analyst steve rattner, former policy adviser to the bush administration, dan senor, "fortune's" assistant managing editor, leigh gallagher and editorial writer for "the washington post," msnbc contributor jonathan capehart. morning, everybody. >> morning. >> good morning. >> morning. >> joe and mika have the morning off. have we heard enough yet about the fight between the press and the white house over tiger woods? >> oh, stop it. just please, stop it. >
Feb 20, 2013 1:40am PST
carried out by china and now president obama has ordered u.s. intelligence agencies to help american companies spot and detect the hacking coming from that building in shanghai. brian ross, abc news, new york. >>> and one day after targeting burger king, hackers have taken over the twitter account of another major company. pranksters broke into jeep's page and tweeted that they had been sold to cadillac. even the virtually virus free apple has fallen victim also. a small number of mac computers ats office -- at its offices were infected. this attack at apple's new york offices was similar to one acknowledged at facebook last week. >> the more computerized world we become, this is the aftermath. this is the dirty underside of it all. the white house is going to respond to some of this, but "the new york times" said obama administration officials are planning to tell china's new leaders that the volume and sophistication of the attacks have become so intense that they threaten the fundamental relationship between washington and beijing. that could be some interesting words. again, we o
Feb 20, 2013 4:00pm PST
that are going to take effect, and while we may be short on time, we are not short on blame. president obama for one was busy today with no less than eight local television interviews. the president, according to the white house, telling his side of the story directly to the american people, blaming republicans in this interview with wcvb boston. >> the way this arose was back in 2011, the republicans were threatening to default on the full faith and credit of the united states. and we had to avoid that. the hope was that they would use this year and a half to come up with a sensible deficit reduction package. now, we've reduced $2.5 trillion on our deficit. we've got about $1.5 trillion more to go. there's a better way to do it than this, but the key is for them to go ahead and put forward the balanced, responsible approach that will avoid these cuts. >> he wants them to put forth the approach. john boehner, meanwhile with, is the them, sort of. he made his case directly to the people too, today, blaming the president and he wrote in a "wall street journal" op-ed, mr. president, we agree th
FOX News
Feb 24, 2013 4:00pm PST
the campaign and how they dealt the defeat and what governor romney thinks of president obama's second term agenda. it's an exclusive interview. that is it for today. have a great week. we'll see you next fox news sunday. >> this is a fox report. tonight, jimmie johnson wins the daytona 500 and an amazing day for nascar's first lady of racing, too. and all eyes on the vatican on this sunday. as a huge crowd displays an outpouring of love and admiration for the retiring pontiff. pope benedict xvi, sunday's final blessing as leader of 1.2 billion catholics, and worshippers packing st. peter's square as they prepare for the transition. in the next minute, the pontiff's word to the world. and a bombshell admission from the family of blade runner oscar pistorius, he's up on murder charges and now a family member facing charges for the death of a different woman. fox reports, the new developments on the legal firestorm surrounding the olympic star. and this bartender fired for trying to do what she says was the right thing. >> and simply had a very drunk person leaving the bar, he's going to kil
Feb 20, 2013 10:00am PST
its own fiscal house in order, and that has to be now. >>> mending fences. president obama calls marco rubio and lindsey graham to talk immigration reform as john mccain faces an angry town hall at home. >> i'd like to respond to any questions or comments or insults that you may have. >> believe me, that is only the beginning. wait until you see what happens next. >>> joe biden being biden. the vice president's frank advice to parents on self defense and gun control. >> if you want to protect yourself, get a double-barrel shotgun. you don't need an ar-15. it's harder to aim, it's harder to use, and, in fact, you don't need 30 rounds to protect yourself. buy a shotgun. buy a shotgun. >>> and cyber war as the white house promises a more aggressive response to hacking attacks. we're joined by house intelligence chairman mike rogers. >>> and eyes on the road. we'll reveal the real reason why almost everybody has dash cam in russia. >> apparently in russia it's common in your morning commute to involve a hatchet dispute, fighter chopper fly by, or, i don't know, tank! how unfazed are russia
FOX News
Feb 19, 2013 8:00am PST
service. [applause] [applause] jon: "happening now" at the white house president obama shake hands with a group of first responders that were brought in to serve as a backdrop to his speech railing about the possibility of the sequester that gigantic meat axe that will be swung at the federal budget especially on the pentagon in ten days or so march 1st. that's when it's scheduled to kick in. you heard the president railing about it there. i'm jon scott along with jenna lee. a.b. stoddard is associate editor and a columnist for "the hill." the president railed about congress and this terrible law that was passed without mentioning that it was a white house idea, right? >> right. it is an idea that originated in the white house, but republicans certainly voted for the budget control act in 2011, which included the sequester, because they too thought it could be reversed or undone or replaced. and we're looking 18 months later at -- ten days as you said, not enough time to change these cuts. there is an acceptance in washington in both parties that it's going to go through, and both
Feb 20, 2013 1:00pm PST
of the story coming up later, barbara. thanks very much into here in washington, president obama is doing an end around the national press today. he's taking questions from local tv stations, blaming congress for doing nothing to avoid these forced spending cuts scheduled to take effect in just nine days. so what kind of cuts is the president willing to take? jim acosta confronted the white house press secretary today with that question. jim is joining us now. how did it go? >> reporter: wolf, here we go again. the white house and congress move one day closer to the massive forced spending cuts that go into effect at the end of next week. and even though they both agree it's a problem, they are both busy blaming each other to fix it. the white house sounding the alarm. poor children will be tossed out of classrooms, health services will be slashed, border security will be compromised and the economy will take a hit if forced budgets cuts begin to happen on march 1st and the obama administration says republicans will be to blame. >> the pleas that the republicans are making are throw these
FOX Business
Feb 19, 2013 4:00pm EST
as they are released. and president obama says we have to grow the economy, create good jobs and everybody will find out why raising the minimum wage might have just the opposite effect. liz: just a few hour g hours age was hit by a cyber attack. earlier today an alarming report was released claiming china's military, the government military has been hacking into a lot of american companies and organizations, 140 plus. is there a hacking war being waged? the chairman of the company that spotted it and found it. a company that put out the report, the ceo of the company to help defend against these tests come back attacks. david: the possible move to take it private is dell. how do they do? ashley: on earnings per share, $0.40, the aspect was 39. on the revenue, 13.3 billion. a beat on the revenue as well. there are some other numbers as we delve into this, consumer revenue for the quarter was down 24%. they will not be giving a quarterly outlook because of the efforts to take the company private, but certainly a beat on the earnings and revenues. david: let's go to mark sebastian. dell is doing pret
FOX News
Feb 24, 2013 7:00pm EST
president obama says they're warning of possible layoffs and negative economic impacts as a result. however, many republicans in congress called the warnings overblown. either way it appears that barring a 11th hour deal the cuts will happen. steve centanni live with more. steve? >> harris, you know, the obama administration rolled out top officials today to highlight the problems these budget cuts might cause. and one high profile republican governor of louisiana, bobby jindal, responded this way. >> if he thinks this did he have states the military and air traffic control, really devastate meat inspections and they rolled out the political debate. cutting less than 3% of the budgets, these awful consequences and here is his chance to see how we do it better. >> the president has not convened high level negotiations to head of off the cut which both sides agree could be harmful to the economy. but he did offer concrete examination of what could happen ap making the key cabinet positions available on the sunday morning talk show. >> in the end there has to be some kind of furlough of air tr
Feb 7, 2013 6:00am EST
, a week from now, president obama is going to do his state of the union address, okay? typically the market doesn't respond well when the president talks. then we're going to start to get into some of the nitty-gritty, some of the spending issues. that would be a perfect opportunity for the market to give half of that back. so we've had a 6% rally. why not, you know, reclaim three of that percent over the course of the next few weeks. >> do you feel like we're acting a bit bullish with regard to the markets? i get the feeling it's more buying from kaufton as opposed to selling at this point, right? >> i think that's right. first of all, you've approached a couple of psychological hurdles on the dow and the s&p. we've seen what earnings season is going to give us. we're approaching the sequester cuts on march 1st and there is an increasing belief that they're going to be triggered. and so when you add on to that the fact that payroll taxes went up and the economy is going to be pretty sluggish here in the first half of the year. so i agree with phil that we're probably going to gi
Feb 19, 2013 5:30pm PST
just days away, president obama said today it was the fault of congressional republicans. >> they haven't come together and done their jobs, and so as a consequence, we've got these automatic, brutal spending cuts. >> reporter: republicans blame the president. >> the president, back in the last session of congress, refused to cut spending in any place. >> reporter: they're fighting over a sequester. washington speak for the $1.2 trillion across-the-board spending cuts that would begin march 1st unless congress and the president agree on a deficit-cutting package. >> the problem with it is it doesn't distinguish between wasteful spending and very good spending. >> reporter: through 2021, it means cutting $85 billion a year, half from the pentagon, half from nondefense programs. everything from education to national parks to meals on wheels. exempt from the cuts, programs like social security and veterans' benefits and student loans. the administration warns federal food inspectors would be temporarily furloughed. that could mean less product, higher prices and fewer jobs. air travelers m
Feb 21, 2013 4:00am EST
of the titans. >>> and japanese prime minister shinzo abe is heading to walk to talk to president obama. just what kind of reaction can abe expect from washington? we'll give you a preview. >>> before all that, let's recap what's happening in markets. we've seen more activity, in fact, higher volume over the last couple of sessions, really, than we've seen for much of the year. the volume is coming on a sell-off. u.s. markets fell yesterday following the release of the fed minutes. it was the worst day of the year for the s&p and nasdaq. as you can see, shedding 108 points there, a rare triple digit decline this year. energy and material stocks were the worst hit. all ten s&p sectors did hit the day lower. volatility on the rise. the vix rose nearly 20% on this session. the sell-off has continued overnight. the shanghai composite, the australian markets taking it on the chin. will i sixuan joins us from singapore. >> thank you, kelly. fears of an early access by the fed rocks sentiment here in asia today. the nikkei pulls back 1.4% from its 52-month high. investors remain cautious ahead of th
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Feb 19, 2013 11:00am EST
are surprised. when president obama talks about abuse in medicare, somehow he is talking about medicare advantage. the administration should not be surprised that you have these bigger than expected cuts right here today on the reimbursement. dagen: to kind of look at it a picture, is this an effort by the government, either by the white house, to kind of chip away at even more the private option within medicare? >> i think you are absolutely right. the more there are other choices, the more people -- it has been working. the overall plan has come in significantly under budget. significantly under expectations. some of the allies do not like it. i do not think it is the right way to reform medicare spending. dagen: do you think, though, that the democrats will ever tackle cutting medicare spending? people are not paying in to medicare as much as they are taking out. how would you go about it? again, the dr. payments keep getting kicked down the road. when will these big picture cuts ever happen? >> look, i think you described it perfectly right. people are taking more out of the system
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